.... should/could be an interesting month.
We are looking at 2 infill wells starting at Beibu (Phase 1).Infills are gimmes.They are often referred to as Producer wells.
We are looking at the Pre FEED results for PNG
We should see some progress on a start-up date for Beibu Phase 2 drilling
We will,hopefully,start to be able to relish the significant increase in production entitlements from 1 January from the Maari deal.
I cant help noticing,again,the production profile for the PNG gas fields.
Elevala/Ketu and Stanley fields are able to support production from Daru for 11 or 12 years without the gas resources diminishing.
This phenomonen reminds me of a figure I saw in print a while back- unlike oil fields
gas fields regenerate to a limited but worthwhile degree. The figure I remember related to the vast gas fields in the Southern states of USA,around the Bay of Mexico.These fields have a regeneration rate (my term) of as much as 4% p.a.
2018 should be a good year for HZNers.
HZN Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
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